OGRA urged to control LPG price increase


ISLAMABAD : Chairman Liquefied Petroleum Gas Distributors Association Pakistan (LPGDAP) Irfan Khokhar on Tuesday urged the Oil and Gas Regulatory Authority (OGRA) to take notice of Rs 15 per kilogramme increase in LPG price by the marketing companies without the authority’s notification.

Irfan Khokhar said that the LPG marketing companies are indulging in profiteering by selling locally produced commodity as per international rates.

Last week the international market witnessed an increase of $20 per metric ton bringing the LPG price to $308 from $288 per metric ton.

However, the local companies have increased the price by Rs 5 per kilogrammes for LPG and it is further increasing for the past five days.

He said that the OGRA must take action against the LPG ‘mafia’ otherwise the association would start countrywide protests.

The chairman said that the government did not increase the price of locally produced LPG during the year 2016, terming the recent surge a ‘conspiracy’ against the elected government.

In last three years, there was never any problem with the supply and availability of LPG due to the effective policies of the Pakistan Muslim League-Nawaz (PML-N) government.

He feared that the LPG price would mount to Rs 250 per kilogramme in the winter season if a prompt action was not taken against the companies involved in profiteering. “LPG demand would increase in the coming winter season and we are afraid it might lead to a shortfall,” he added.

Khokhar said that there would be a need of 300,000 metric tons of the gas to meet the demand of the commodity during the winter season from September to February.

Source : APP

Share This:


Welcome! Login in to your account

Remember meLost your password?

Don't have account. Register

Lost Password